2022-11-15T11:45:23-06:00 2021-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2021-01-01 113561278 THE USMMA SAILING FOUNDATION INC USMM 6154658201 PO BOX 1199 SPRING HILL TN 37174 LARRY A LARSEN TREASURER 6154658201 2022-11-08 1 LARRY LARSEN 999009999 ALEXANDER LAZZARUOLO P01775353 2126617777 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X WARRIOR SAILING PROGRAM LARRY A LARSEN PO BOX 1199 SPRING HILL TN 37174 10440909 0 X WWW.USMMASAILINGFOUNDATION.ORG X 2000 DE TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING 5 4 7 0 0 0 13745997 6736802 0 0 -8374655 -2347492 275947 1607244 5647289 5996554 1145126 1483614 0 0 626822 700562 0 0 220511 7242888 10979991 9014836 13164167 -3367547 -7167613 40024161 32552654 744141 440247 39280020 32112407 TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY AND OTHER 501(C)(3) ORGANIZATIONS AND CONDUCT MARITIME EDUCATION AND TRAINING. 0 0 12681998 1483614 RECEIVING AND ADMINISTRATING CHARITABLE GIFTS, DEVISES AND BEQUESTS OF BOATS, TOGETHER WITH ASSOCIATED EQUIPMENT AND FUNDS FOR THE MAINTENANCE OF SUCH BOATS, FROM THE PUBLIC IN SUPPORT OF THE FOUNDATION'S MISSION. 12681998 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 127 0 1 7 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY SC X LARRY A LARSEN 6154658201 PO BOX 1199 SPRING HILL TN 37174 JEFFERY G NEUBERTH CHAIRMAN 3.00 X X 0 0 0 JAYME FAGAS TRUSTEE 3.00 X 0 0 0 WILLIAM P CAMPBELL TRUSTEE 40.00 X 0 0 0 CHRISTOPHER J GASIOREK TRUSTEE 3.00 X 0 0 0 RALF STEITZ PRESIDENT 40.00 X X 175000 0 25000 LARRY A LARSEN SECRETARY/TREASURER 40.00 X 140400 0 0 315400 0 25000 2 0 1 0 0 346126 6390676 3451011 6736802 538 538 488535 0 488535 488535 488535 998825 1097500 1006855 3437500 -8030 -2340000 -2348030 -2348030 1105147 0 1105147 1105147 OTHER INCOME 900099 13562 13562 13562 5996554 0 0 -740248 X 1483614 1483614 340401 206354 32533 101514 245405 139096 26223 80086 73331 49701 4270 19360 41425 28076 2412 10937 465 465 202708 186609 16099 1825321 1680778 144543 187915 181459 4367 2089 555083 542791 5986 6306 10298 10298 4760694 4760694 321019 320819 200 SUPPLIES AND EXPANDABLE 1581414 1568661 12753 STORAGE, HAULING & TRUC 1420863 1420863 REPAIRS & MAINTENANCE 101130 101130 OTHER OPERATING EXPENSE 13081 11353 1709 19 13164167 12681998 261658 220511 3243680 1502351 84208 118208 41323 59339 46308714 15435958 36654950 30872756 40024161 32552654 424129 209604 320012 230643 744141 440247 X 36761944 31578177 2518076 534230 39280020 32112407 40024161 32552654 -7167613 0 X 0 1 X 0 0 X 36789346 18853673 8705109 13745997 6736802 84830927 36789346 18853673 8705109 13745997 6736802 84830927 31778800 53052127 13068 205 185 185766 489073 688297 52348 173148 206784 11668 13562 457510 85976734 0.61710 0.61300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 52,348. 2018 AMOUNT: $ 173,148. 2019 AMOUNT: $ 206,784. 2020 AMOUNT: $ 11,668. 2021 AMOUNT: $ 13,562. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2518076 3251693 5235539 534230 333333 2518076 333333 2518076 1460424 1127091 333333 1142589 798758 480923 1460424 1725275 1142589 1725275 1142589 1.00000 0 0 300000 300000 132515 103110 29405 45876199 15332848 30543351 30872756 CURRENT PORTION OF LONG-TERM DEBT 8379 LONG-TERM DEBT NET OF CURRENT PORTION 222264 230643 6208742 212188 212188 5996554 0 5996554 13376355 212188 212188 13164167 0 13164167 PART V, LINE 4: THE FOUNDATION'S NET ASSETS WITHOUT DONOR RESTRICTIONS CONSIST OF THE FOLLOWING TWO FUNDS: OPERATING FUND REPRESENTS ASSETS AVAILABLE FOR GENERAL USE IN THE OPERATION OF THE FOUNDATION. DURING 2021 AND 2020, THERE WERE NO DONATED ASSETS THAT WERE CAPITALIZED AND CREDITED TO THE OPERATING FUND. VESSEL FUND REPRESENTS DONATED ASSETS ASSOCIATED WITH THE SALE AND MAINTENANCE OF VESSELS. DURING 2021 AND 2020 DONATED ASSETS TOTALING $2,416,000 AND $8,425,000, RESPECTIVELY, WERE CAPITALIZED AND CREDITED TO THE VESSEL FUND. 1 US MERCHANT MARINE ACADEMY 300 STEAMBOAT ROAD KINGS POINT NY 11024 GOV'T 1483614 0 FMV PROPERTY PROGRAM SUPPORT 1 X 0 0 0 0 0 0 0 0 0 RALF STEITZ PRESIDENT 175000 0 0 0 0 0 25000 0 0 0 200000 0 0 0 X 7 2416000 APPRAISED VALUE X 18 1006855 FMV X SUPPLIES & EQUIPMENT 4 18993 FMV X SAILS & OTHER VARIOUS MAR 1 9163 AN APPRAISAL 14 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY MUST BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,680,778. MANAGEMENT AND GENERAL EXPENSES 144,543. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,825,321.